AIS Exam 1 || A+ GRADED.
Relevant correct answers An accounts receivable aging report used in credit granting
decisions
Reliable correct answers A report checked by 3 different people for accuracy
Complete correct answers An accounts receivable aging report that included all customer
accounts
Timely correct answers An accounts receivable aging report was received before the credit
manager had to make a decision whether to extend customer credit
Understandable correct answers The report was carefully designed so that the data contained
on the report became information to the reader
Verifiable correct answers The data on a report was checked by two clerks working
independently
Accessible correct answers The manager was working one weekend and needed to find some
information about production requests for a certain customer. He was able to find the report
on the company's network.
Data correct answers Raw facts
Information correct answers Data that has been organized and processed to be useful
What is a system? correct answers Set of interrelated components that interact to achieve one
or more goals
Data processing cycle (system flowchart) correct answers Data Input - Organizations collect
data about events, resources, and agents
Storage - In computers data are stored in files and database. Manual, data are stored in
journals and ledgers
Processes - Once data are collected and entered, they must be processed
Information Output - Last step in cycle. Can be in forms of documents, reports, or responses
to queries
What does CRUD stand for? correct answers Creating new data records
Reading existing data
Update data to record event
Delete data
Batch Processing correct answers Accumulating source documents for a period of time and
then processing them all at once such as once a day, week, or month.
Online processing correct answers Process data as events happen
General Ledger correct answers A ledger that contains all asset, liability, stockholders' equity,
revenue, and expense accounts.
Relevant correct answers An accounts receivable aging report used in credit granting
decisions
Reliable correct answers A report checked by 3 different people for accuracy
Complete correct answers An accounts receivable aging report that included all customer
accounts
Timely correct answers An accounts receivable aging report was received before the credit
manager had to make a decision whether to extend customer credit
Understandable correct answers The report was carefully designed so that the data contained
on the report became information to the reader
Verifiable correct answers The data on a report was checked by two clerks working
independently
Accessible correct answers The manager was working one weekend and needed to find some
information about production requests for a certain customer. He was able to find the report
on the company's network.
Data correct answers Raw facts
Information correct answers Data that has been organized and processed to be useful
What is a system? correct answers Set of interrelated components that interact to achieve one
or more goals
Data processing cycle (system flowchart) correct answers Data Input - Organizations collect
data about events, resources, and agents
Storage - In computers data are stored in files and database. Manual, data are stored in
journals and ledgers
Processes - Once data are collected and entered, they must be processed
Information Output - Last step in cycle. Can be in forms of documents, reports, or responses
to queries
What does CRUD stand for? correct answers Creating new data records
Reading existing data
Update data to record event
Delete data
Batch Processing correct answers Accumulating source documents for a period of time and
then processing them all at once such as once a day, week, or month.
Online processing correct answers Process data as events happen
General Ledger correct answers A ledger that contains all asset, liability, stockholders' equity,
revenue, and expense accounts.
